U.S. Gold Corp Update

Some very encouraging new for U.S. Gold Corp (UXG) has brought for some very encouraging results for the stock.

The acquisition of White Night Resources, Nevada Pacific Gold, and Tone Resources has given UXG some very promising properties with large potential. These properties, along with the current property on the Cortez trend has given UXG a very good prospect for discovery.

Along the lines of Discovery, UXG has discovered some very high grade gold results. I'm not going to get into the numbers regarding the drill results. You can check those out at their website www.usgold.com.

The exciting part is what their stock did today.

As you can see, UXG traded up $1.16 closing at $5.45. That is a one day increase of just over 27%. In intraday trading, UXG was trading up almost $2 at for a 45% increase. Before today, UXG has been the one stock that has been lagging behind the rest.

This is the very first stock that I have ever bought, and I will continue to hold. It is fundamentally very strong. It has large amounts of capital at its finger tips. It has GREAT management, an awesome location, and now a huge land base. I like this company and I will continue to hold.